The hardest college to get into in America is the California Institute of Technology. With an acceptance rate of just 8.8% and typical SAT scores between 1500 and 1600, the California Institute of Technology is America's hardest college to get into, according to a list from academic review site Niche.com.
Premium is the amount of money you have to pay for getting a particular insurance. Deductible is the amount you have bear, or which is deducted from your claim amount. Deductible can be applicable pre claim - ie. each time you place a claim or for one event- one sickness.
Definition of 'Premium'. Tweet. Premium is an amount paid periodically to the insurer by the insured for covering his risk. Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.